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CIN notes

CIN notes

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Published by naimdelhi
CIN
CIN

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Published by: naimdelhi on Jan 29, 2013
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03/02/2014

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CIN Notes
SPRO >>> Logistics - General >>> Tax on Goods Movements >>> India:Basic Settings >>> Maintain Excise Registrations:
ECC No., Excise Registration No., Excise Range, Division, Commissionerate, whetheapplicable for Additional Excise Duty, Special Excise Duty, Cess, Maximum number of invoice items per outgoing invoice, Register description, whether only partial cenvat credit is allowed, is maintained.
Basic Settings >>> Maintain Company Code Settings:
For each Co. Code, the document type used for cenvat FI postings and TDS, checks to manuallyoverride amount in journal postings, automatic adjustments, to make available half of the input exciseduty to cenvat account at the time of GR, Subcontracting period, the starting month of excise year,excise invoice selection parameters which includes no of days, no of documents and criteria (FIFO or LIFO), checks for rounding excise amount on procurement and removal of goods, exchange rate types& Countervailing Duty (CVD)
[
duty on imported goods to make them costlier than the local ones
]
Account is maintained.
Basic Settings >>> Maintain Plant Settings:
Here the Excise Registration is assigned to the plant and it is defined here whether the plant is adepot. Also settings whether multiple GRs are allowed per Excise Invoice and if so whether cenvatcredit can be taken for the partial GR (Multiple Credits) or has to wait till the multiple deliveries arecompleted (Single Credit) is maintained here.
Basic Settings >>> Maintain Excise Groups:
Excise Groups are maintained and assigned to Excise Registration and Plant.
[
 Excise groups is aninternal organization unit for the purpose of performing partial excise functions and which keeps its own set of excise records. The excise registrationcompiles the information from all of its excise groups and reports to Excise authorities
].
Here again the no. of GRs per EI (single or multiple credit), checks for copying excise invoice qty to GR (if GR is done with EI as reference doc),auto EI generation with billing or proforma invoice
(define the default plant, excise group, and series groups in Customizing for Excise Duty, by choosing Business Transactions -> Outgoing Excise Invoices -> Maintain Default Excise Groups and Series Groups),
checks for consumption goods (
entries in RG for GR and GI is made simultaneously at the time of GR 
), Checks for depot, folio no. anddepot excise invoice, Address details, and MIGO Settings which include checks to allow users tocapture and post EI during GR, capture EI & update RG1 during GI.
Basic Settings >>> Maintain Series Groups:
Series Groups are maintained and assigned to Excise Registration. Checks are maintained for noutilization (no FI postings) , immediate utilization (amount paid from cenvat at the time of EI & PART2 entry created automatically), Export Period
[
max period from the date of removal of goods to export. ARE Change after this period requires either period extension or payment of excise duty + interest 
]
, Rebate Period
[
the maximum length of time that you are allowed toreclaim any excise duty that you have paid on exports]
, Fast Credit (credits amount as soon as the countersigned ARE-1is received) & address.
 
Basic Settings >>> Maintain Excise Duty Indicators:
Here the Excise duty indicators along with the text (eg:16% Excise Duty) is maintained.
Basic Settings >>> Maintain Postal Addresses:
Maintain the addresses of various customs and excise organizations that company deals with.
Basic Settings >>> Maintain Subtransaction Types:
To record some excise duties on other accounts other than the standard specified accounts.Create a sub-transaction and define a text.
Basic Settings >>> Determination of Excise Duty >>> Select Tax Calculation Procedure:
Tax procedure is maintained for Country. TAXINN is condition based tax procedure andTAXINJ is formula based (also supports condition-based excise determination). In purchasing doc, tax procedure is considered but in sales doc pricing procedure is considered when determining ED & ST.
Basic Settings >>> Determination of Excise Duty >>> Maintain Excise Defaults:
In the case of TAXINN, only CVD Condition needs to be filled. All other fields can be left blank.
Basic Settings >>> Determination of Excise Duty >>> Condition-Based Excise Determination >>>Define Tax Code for Purchasing Documents:
Maintain a tax code for purchasing and mark it as input tax.
Basic Settings >>> Determination of Excise Duty >>> Condition-Based Excise Determination >>>Assign Tax Code to Company Codes:
Assign Tax Code to the Co. Code.
Basic Settings >>> Determination of Excise Duty >>> Condition-Based Excise Determination >>>Classify Condition Types:
Assign condition type to the procedure and define the condition name. System determines thevarious excise duties in the excise invoice using the information that you have entered here.
 
Master Data >>> Maintain Chapter Ids:
The number given to a material in the schedules of materials published by the govt. of India.
Master Data >>> Assign Users to Material Master Screen Sequence for Excise Duty:
Assign the user to screen reference IN.
Account Determination >>> Define G/L Accounts for Taxes:
Set up G/L accounts for each of the processing keys.
VS1 (basic excise duty)
VS2 (additional excise duty)
VS3 (special excise duty)
VS5 (sales tax setoff)
MWS (central sales tax)
MW3 (local sales tax)
ESA (service tax)
ESE (service tax expense)
Account Determination >>> Define G/L Accounts for Taxes:
For all Excise transactions (and subtransactions), specify whether it is a debit or credit and theAccount name.
Account Determination >>> Specify Excise Accounts per Excise Transaction:
For all Excise transactions (and subtransactions), specify whether it is a debit or credit and theAccount name (eg: CENVAT clearing account, RG 23 BED account, etc).
Account Determination >>> Specify G/L Accounts per Excise Transaction:
For a combination of Excise Group, Co. Code, Excise Transaction Type, Subtransaction type,chart of accounts we define which G/L account gets hit for the above accounts (eg: CENVAT clearingaccount, RG 23 BED account, etc).

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